| Fee Type | Amount | |
|---|---|---|
| Account Maintenance Fee 1 | Clients with combined assets of $25,000 CAD or more across all of their HSBC InvestDirect accounts.
The fee is also waived if a client meets any one of the following criteria:
|
No fee |
| Clients with combined assets of less than $25,000 CAD across all of their HSBC InvestDirect accounts. | $25 CAD per quarter | |
Wire Transfers (at point of request) |
To other Financial Institutions in Canada To HSBC branches (Local and Global) Stop Wire Payment |
$50 $35 $25 |
Handling |
Transaction amendment for same beneficial owners NSF cheque Stop payment Standard Estate processing4 Cheque request Credit Sellout Handling Fee6 Internal Transfer Fee7 Special courier (Canada) Special courier (US) Special courier (International) |
$50
$25 $200 $25 $15 $25 per request $35 per courier $70 per courier $100 per courier |
Hypothecated Account |
Setup Fee Annual Fee5 |
$250 $200 |
Document Administration |
Search for records Confirmation slip replacement (per document) Confirmation slip over 3 months old (per document) Duplicate Tax slip Statement replacement4 Letter writing |
$25 per half hour, min. $25 $5
$20 per document $25 per letter |
Security Registration4 |
Certificate deposit Canadian security registration Canadian security registration, rush US security registration US security registration, rush Foreign security registration (other than US) U.S. share ownership statement (per statement) |
$100 per certificate
$200 per certificate $400 per certificate $200 USD per certificate $400 USD per certificate $300 per certificate $50 USD per statement |
Transfer Out* (at point of request) |
Account transfer out – full Account transfer out – partial |
$135 $135 |
Special Services |
American Depositary Receipt (ADR) fee – banks that custody ADRs charge fees on a per share basis, which may vary by individual ADRs and are passed through to ADR investors. |
N/A |
| Account Maintenance Fee 1 | |
| Fee Type |
Clients with combined assets of $25,000 CAD or more across all of their HSBC InvestDirect accounts.
The fee is also waived if a client meets any one of the following criteria:
|
| Amount | No fee |
| Fee Type | Clients with combined assets of less than $25,000 CAD across all of their HSBC InvestDirect accounts. |
| Amount | $25 CAD per quarter |
|
Wire Transfers (at point of request) |
|
| Fee Type |
To other Financial Institutions in Canada To HSBC branches (Local and Global) Stop Wire Payment |
| Amount |
$50 $35 $25 |
|
Handling |
|
| Fee Type |
Transaction amendment for same beneficial owners NSF cheque Stop payment Standard Estate processing4 Cheque request Credit Sellout Handling Fee6 Internal Transfer Fee7 Special courier (Canada) Special courier (US) Special courier (International) |
| Amount |
$50
$25 $200 $25 $15 $25 per request $35 per courier $70 per courier $100 per courier |
|
Hypothecated Account |
|
| Fee Type |
Setup Fee Annual Fee5 |
| Amount |
$250 $200 |
|
Document Administration |
|
| Fee Type |
Search for records Confirmation slip replacement (per document) Confirmation slip over 3 months old (per document) Duplicate Tax slip Statement replacement4 Letter writing |
| Amount |
$25 per half hour, min. $25 $5
$20 per document $25 per letter |
|
Security Registration4 |
|
| Fee Type |
Certificate deposit Canadian security registration Canadian security registration, rush US security registration US security registration, rush Foreign security registration (other than US) U.S. share ownership statement (per statement) |
| Amount |
$100 per certificate
$200 per certificate $400 per certificate $200 USD per certificate $400 USD per certificate $300 per certificate $50 USD per statement |
|
Transfer Out* (at point of request) |
|
| Fee Type |
Account transfer out – full Account transfer out – partial |
| Amount |
$135 $135 |
|
Special Services |
|
| Fee Type |
American Depositary Receipt (ADR) fee – banks that custody ADRs charge fees on a per share basis, which may vary by individual ADRs and are passed through to ADR investors. |
| Amount | N/A |
| Fee Type | Amount | |
|---|---|---|
Registered Accounts (RRSP, RRIF, Locked-In Plans) |
RSP de-registration (at point of request)
RIF – unscheduled withdrawal |
$135 Full - $75 Partial
1 free per year $50 for each additional |
Investment to Private Companies/Equities |
Setup fee Annual fee5 Reorganization fee Redemption fee Certificate registration |
$300 $150 $250 $250 $100 |
Registered Educational Savings Plans |
Annual administration fee Transfer fee (full or partial) |
$50 $135 |
| Lifelong Learning Plan / Home Buyer’s Plan | Full de-registration | $50 |
| Lifelong Learning Plan / Home Buyer’s Plan | Partial de-registration | $25 |
Mortgage Held in a Self-Directed Retirement Savings Plan (SDRSP) |
Annual administration fee |
$450 |
|
Registered Accounts (RRSP, RRIF, Locked-In Plans) |
|
| Fee Type |
RSP de-registration (at point of request)
RIF – unscheduled withdrawal |
| Amount |
$135 Full - $75 Partial
1 free per year $50 for each additional |
|
Investment to Private Companies/Equities |
|
| Fee Type |
Setup fee Annual fee5 Reorganization fee Redemption fee Certificate registration |
| Amount |
$300 $150 $250 $250 $100 |
|
Registered Educational Savings Plans |
|
| Fee Type |
Annual administration fee Transfer fee (full or partial) |
| Amount |
$50 $135 |
| Lifelong Learning Plan / Home Buyer’s Plan | |
| Fee Type | Full de-registration |
| Amount | $50 |
| Lifelong Learning Plan / Home Buyer’s Plan | |
| Fee Type | Partial de-registration |
| Amount | $25 |
|
Mortgage Held in a Self-Directed Retirement Savings Plan (SDRSP) |
|
| Fee Type |
Annual administration fee |
| Amount |
$450 |
HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.
GST, HST and Provincial taxes are charged where applicable.
All fees listed are as of July 1, 2022. Fees subject to change with prior notice.
Unless otherwise specified, administrative fees are charged in the currency of the account – i.e. fees for services in a CAD account are charged in CAD, and fees for services in a USD account are charged in USD. However, fees for services in foreign accounts (other than US) are charged in CAD or CAD equivalent.
* Transfer out fees are charged on a per account basis. Each currency account is considered a separate account. Clients with multiple accounts – for example, CAD margin, CAD RRSP, USD margin, and USD RRSP – will be charged the transfer out fee in each account in the currency of the account, meaning the transfer out fee in this example would be CAD $135 x 2, plus USD $135 x 2.
1 This fee will be assessed based on client information as of the end of each quarter (March 31, June 30, September 30, December 31) and, where applicable, will be charged in April, July, October and January of every year. Combined assets include all accounts with the same base account number (CAD & foreign currency) on the last day of the quarter. For clients with multiple positive balance accounts with HSBC InvestDirect, the maintenance fee will be pro-rated such that the total maintenance fee on all accounts (under same base number) will add up to $25/quarter. For example, clients with two accounts (i.e. TFSA and non-registered) will pay $12.50 per quarter, per account, and clients with three accounts will pay $8.33 (i.e. TFSA, RRSP and non-registered) per quarter, per account and so on. HSBC InvestDirect will make efforts to not put accounts into a debit cash position by seeking to charge the maintenance fee to accounts with cash balances.
2 Commissionable trades are: Buys and sells of Equities, ETFs, Options, Mutual Funds and Fixed Income – Bonds, Treasury Bills, Bankers’ Acceptances, Bearer Deposit Notes, Commercial Paper and Crown Corporation Money market Instruments. The following are not considered commissionable trades: Buys and sells of Guaranteed Investment Certificates (GICs), Term Deposits, High Interest Rate Savings Accounts, Canada Savings Bonds and Provincial Savings Bonds.
3 Transactions subject to acceptance by HSBC InvestDirect.
4 Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer, or issuing company for re-registration.
5 The fee is debited from the account on or around January 15th of the following year.
6 In addition to commission charges, the handling fee will be applied to HSBC InvestDirect credit sell-outs of Under-Margined/Debit Balance Accounts.
7 Applied when Clients initiate a security movement from one account to another. (ie. joint to single, single to joint, personal to non-personal, non-personal to personal, non-personal to non-personal etc.)
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